DeFi Check

2021-07-17 07:59:20 DEUS Finance launches synthetic asset protocol on Polygon

DEUS Finance, DeFi's next-generation asset tokenization protocol, offers synthetic asset trading solutions on the Polygon Network, offering 500 shares at launch.

The launch of DEUS Finance's solution on Polygon (MATIC) will allow users to access 500 shares for seamless synthetic asset trading with high speed and low fees. The DEUS synthetic trading platform gives investors access to tangible assets using cryptocurrencies. Users can easily connect their wallets to buy stocks such as TSLA, GME, COIN, AMC, etc. Products such as silver (XAG) and gold (XAU) are also available for synthetic exchanges.

Protocol developers believe that integration with Polygon will bring a massive influx of new users to the DEUS ecosystem. Open / Comment

2021-07-12 08:45:27 Amy Finance integrates Chainlink price feeds into Arbitrum

Amy Finance, based on Layer 2 Arbitrum, is integrating ChainLink price flows to provide users with a smooth trading experience and robust protection of their funds.

This integration will provide Amy Finance with a clearing mechanism that allows users to receive low-cost credit and efficient margin trading, as well as help lenders avoid liquidation.

"We are pleased to announce the continued integration of Chainlink price feeds on Arbitrum," Amy Finance said in a statement.

Chainlink's price feeds have proven over a long period of time to demonstrate safe and consistent performance, providing the highest quality price data in the industry and maintaining high reliability during periods of extreme market volatility and network congestion. Open / Comment

2021-07-07 12:03:08 The Ethereum network saw a $1.3 billion transaction

The transaction was recorded by Whale Alert, a service that tracks large movements of cryptocurrencies. The commission, which was paid on the transfer, was $0.61.

Commissions on the Ethereum network were down 90% in June compared to May. According to the BitInfoChats service, as of July 1, the average commission per transaction in the network of the largest alcoin by capitalization is $1.7. At the end of June, that figure was dropping to its lowest value since December 2020, $1.

Ethereum developers will release an update to London in July as part of the altcoin's transition to the 2.0 protocol. This solution will scale the original blockchain and make it more user-friendly. The main feature of Ethereum 2.0 is the network's transition to the Proof-of-Stake (PoS) consensus - it will replace the Proof-of-Work (PoW) consensus on which the blockchain currently operates. Open / Comment

2021-07-03 14:31:00 Beefy Finance on Avalanche Network has opened 6 liquidity pools for Pangolin PNG

Beefy Finance, a liquidity mining optimizer, announced on Twitter that 6 Pangolin PNG high APY storage pools have been set up on the Beefy network at Avalanche Network. The pools are reportedly paired to DAI, WBTC, UNI, ETH, SUSHI and LINK.

According to the announcement, the pools offer the following APYs.

DAI - PNG LP： 57% APY
WBTC - PNG LP： 56% per year
UNI - PNG LP： 50% APY
ETH - PNG LP： 47% APR.
SUSHI - PNG LP： 46% APY
LINK - PNG LP： 46% APY

DeFi's stacking and revenue farming platform, Beefy Finance (BIFI), launched on the Avalanche blockchain (AVAX) in March, and in late June announced a partnership with Pangolin (PNG), a decentralized exchange based on Avalanche. Pangolin DEX will reportedly provide liquidity for the Beefy Finance BIFI token to Avalanche. Open / Comment

2021-06-25 08:40:43 StakeHound sues Fireblocks over $75 million loss of ETH

According to the representatives of StakeHound, they lost assets in ETH in the total amount of 75 million dollars. And all this happened because the specialists of Fireblocks, which develops secure infrastructure, showed criminal negligence. Because of their unprofessional actions the funds were finally lost!

The negligence of one of the employees of Fireblocks led to the fact that the crypto-assets were lost, and no backup was created.

In order to regain access to the wallet, a backup copy should have been stored at Fireblocks, but this was not done. As a result, the private keys were irretrievably lost, and they did not transfer the keys to Coincover for safekeeping, according to the agreement they had with Coincover.

Such actions ultimately resulted in StakeHound being unable to access their digital wallet, 38,178 ETH were lost forever. Open / Comment

2021-06-21 07:19:08 PERI Finance and Immunefi launch bug bounty program

According to official sources, PERI Finance, a decentralized interconnected synthetic asset issuance and derivatives trading arrangement, has announced the launch of a bug bounty program for its decentralized application.

The plan will be implemented in conjunction with Immunefi. Participants can apply on PERI's Immunefi page. Vulnerability awards are divided into 4 levels, which are allocated according to Immunefi's vulnerability severity classification system. PERI Finance makes the final decision.

"We run a Bug Bounty program to find bugs in our dApp. PERI Finance understands that blockchain and decentralized apps are all about security, so we encourage everyone to join our bug bounty program," PERI said in a statement. Open / Comment

2021-06-16 12:05:58 Umbria Network begins development of Narni cross-chain bridge

Umbria's Narni bridge will facilitate fast, seamless and cost-effective cross-network transactions. Initially allowing UMBR (Umbria control token) transfers between the Ethereum core network and the Polygon core network (MATIC), Narni will be compatible with other assets and integrate with other blockchains such as Binance Smart Chain and then any EVM (Ethereum Virtual Machine) compatible blockchain in the second phase of development.

The Umbria development team is focused on creating the ultimate user experience and promoting blockchain interoperability. Narni ensures that users can quickly and cost-effectively move assets from one network to another in just a few clicks. Insta-bridge Narni will also automatically suggest the right configuration for Metamask to track assets on the relevant networks. Open / Comment

2021-06-14 08:39:30 Knit Finance announces partnership with Cryption Network

The integration of Knit Finance and Cryption Network will mutually benefit both platforms.

- Knit Finance will integrate CNT for the Knit Finance multi-chain platform by creating a wrapped K-CNT token.
- The integration will allow Cryption Network users to make cross-chain transactions.
- Cryption will also list the Knit Finance KFT token and its K-Assets on its AMM platform.

Cryption Network, with multiple DeFi products, is working hard to simplify the DeFi user experience to increase DeFi adoption. The platform aims to instill simplicity, transparency and seamlessness in DeFi applications to improve the user experience. At Knit Finance, developers have always focused on supporting users with innovative solutions and features that help them with their DeFi activities. Open / Comment

2021-06-10 21:12:51 Bull Finance will release Bull Wallet in mid to late June

Bull Finance will officially release Bull Wallet in mid-to-late June and is currently in testing.

Version 1.0 will interoperate with Ethereum (ETH), Binance Smart Chain (BSC), Huobi Ecological Chain (HECO) and will support hundreds of crypto assets in 2021 to create a single digital asset ecosystem. BULL has a total issuance of 1,000 trillion, an initial burn of 500 trillion, a circulation of 500 trillion, and a current number of more than 8,300 currency holders.

Bull Finance (BULL) is a new decentralized platform that aims to create a financial ecosystem through multiple applications such as wallets, multi-chain automated marketplace agreements, and the promotion of tokens and crypto-assets through multi-chain automated market makers. Open / Comment

2021-06-08 07:24:41 MetisDAO will provide Layer 2 for OpenDeFi

Ethereum's Layer 2 protocol for scaling announced a strategic partnership with decentralized financial project OpenDeFi in which OpenDeFi will launch more projects on Metis Layer 2.

"Continuing our plan to engage key strategic partners ahead of the June 15 launch of the Metis Beta test network, Metis is pleased to announce a partnership with the OpenDeFi decentralized finance project," the announcement reads.

The two parties will work together to drive technological improvements to the DeFi ecosystem. Metis Rollup will provide DeFi projects with a high-performance, low-fee Layer 2 solution that will help them succeed in the Ethereum ecosystem. Open / Comment